Bonds Current Yield
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A bond that matures in 17 years sells for $932. the bond has maturity value of $1,000 and a yield to maturity of 6.17%. interest on the bond is paid semiannually. What's the bond's current yield?
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The Value of a bond is given by two components. First the PV of the interest payments and second the PV of the Principle repayment ...
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